CW BANCORP Quarterly Cash Dividend

Rhea-AI Summary

CW Bancorp (OTCQX: CWBK) announced a quarterly cash dividend of $0.20 per common share, payable on January 3, 2022, to shareholders of record by December 17, 2021. This reflects the company's commitment to returning value to its shareholders while serving small and medium-sized businesses in California with tailored banking solutions.

CW Bancorp aims to enhance its digital banking platform and provides a variety of commercial banking services, showcasing growth potential in the sector.

Positive

• Dividend of $0.20 per share indicating shareholder value return.
• Focus on customized banking solutions for small and medium-sized businesses.

Negative

• None.

IRVINE, Calif.--(BUSINESS WIRE)-- CW BANCORP (OTCQX: CWBK), the parent company of CommerceWest Bank announced the approval of a quarterly cash dividend by its Board of Directors. The Board of Directors declared a cash dividend of $0.20 per common share, payable January 3, 2022 to shareholders of record on December 17, 2021.

CommerceWest Bank is determined to redefine banking for small and medium sized businesses by delivering on customized products and services. Founded in 2001 and headquartered in Irvine, California, the Bank serves businesses throughout the state of California with our digital banking platform. By employing a strategically selected team of experienced professionals, we will provide flexibility, create a complete, safe and sound banking experience for each client. We provide a wide range of commercial banking services, including, remote deposit solution, NetBanker online banking, mobile banking, lines of credit, M&A / working capital loans, commercial real estate loans, SBA loans and treasury management services.

Mission Statement: CommerceWest Bank will create a complete banking experience for each client, catering to businesses and their specific banking needs, while accommodating our clients and providing them high-quality, low stress and personally tailored banking and financial services.

Please visit www.cwbk.com to learn more about the bank. “BANK ON THE DIFFERENCE”

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes, financial policies of the United States government and general economic conditions. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained in this release to reflect future events or developments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201006003/en/

CW Bancorp

Mr. Ivo A. Tjan, CEO

Ms. Leeann Cochran, CFO

Telephone: (866) 521-CWBK

E-mail: InvestorRelations@cwbk.com

Website: www.cwbk.com

“Bank on the Difference”

Source: CW BANCORP

FAQ

What is the dividend amount for CWBK?

CW Bancorp declared a dividend of $0.20 per common share.

When is the dividend payable for CWBK?

The dividend is payable on January 3, 2022.

What is the record date for CWBK's dividend?

The record date for the dividend is December 17, 2021.

How often does CWBK pay dividends?

CWBK typically pays dividends quarterly.

Is the dividend from CWBK sustainable?

The sustainability of CWBK's dividend depends on its future financial performance and economic conditions.